Dito. I'd rather average out as price rises than sit on 1000 BTC when they move to 0.

Sad part is that all of this fun and profiting will only be possible on the back of a "select few/many" that end up with the short straw in the end, having given all the real world money they can to the rest that cashed out while now stuck with BTC..

Dito. I'd rather average out as price rises than sit on 1000 BTC when they move to 0.

One strategy is to target a USD value for your bitcoin holdings (especially if you're planning to retire in the US on the basis of bitcoin holdings) and then set (m,n) so that you're periodically selling m% of your holdings and buying US$n worth of bitcoin (obviously netting those two out). E.g. you'll eventually have US$1m if you're selling 0.01% and buying $100 every month (you'll only be net-selling if your bitcoin holdings are currently above US$1m, but as long as the bitcoin price isn't monotonically decreasing over the discrete transaction times, you'll most likely build-in some trading profit as you bought more when it was cheap thus reducing your cost basis)

I'm buying because they are still cheap. People say "They won't keep increasing in value because they can't be used for many things", but I have faith that economics is correct and entrepreneurs will continue to innovate in the Bitcoin economy. More goods and services will continue to be offered, and by the time the average Joe realizes that Bitcoins are a solid medium of exchange, the price will already be sky high.

I like to think that I'm not investing in a digital commodity, but in a new economy.

I sincerely would like everyone to realize their bitcoin ride isn't over until they A) cash out or B) die. Until one of those two things you have hypothetical profit because bitcoins could be back to $5 tomorrow.

Me? I'm just the cynical voice floating in the sea of unchecked optimism.